ALFRED, N.Y. - Cree, Inc. (Nasdaq: CREE), announces
that Alfred University has joined the Cree LED University® program, an
international community of universities working to accelerate the adoption
of energy-efficient LED lighting across their campuses. As part of its
ongoing green initiatives, Alfred University has installed LED lighting
throughout its newest residence hall, "Ann's House." Officially opened for
the Fall 2009 semester, the school's first environmentally-friendly
dormitory features more than 175 Cree LED lights and 18 LEDDynamics EverLED
TR fluorescent tube replacements throughout the 15,000 square-foot hall.

"Ann's House was constructed as part of Alfred University's commitment to
becoming a greener, more sustainable campus," explained Alfred University's
President, Dr. Charles M. Edmondson. "Installing Cree LEDs throughout this
new dormitory will provide our students with better visibility, as well as
help Alfred University significantly save on energy and maintenance costs.
The widespread use of LED lighting around our campus is certainly something
we're looking at as we continue to find new ways to reduce our carbon
footprint."

Designed to set a new standard in green construction for the Alfred
University campus, Ann's House was designed to be certified at the Silver
level or above by the U.S. Green Building Council's Leadership in Energy and
Environmental Design (LEED) Green Building Rating System. In addition to the
energy-efficient LED and fluorescent fixtures that light the 48 student
bedrooms, hallways, lounges and stair towers, Ann's House also features LED
televisions, high efficiency boilers and instant hot water heaters, natural
stone and cement composite siding and low VOC (volatile organic compound)
materials used for flooring, paints and building materials. The building is
equipped with solar panels to provide approximately 8% of the electrical
demand during daylight hours.

"As an alumnus of Alfred University, it's incredibly gratifying to see the
steps my alma mater is taking to become a more sustainable, eco-friendly
campus," said John Edmond, Cree co-founder and director of advanced
optoelectronics. "It's my hope that more campuses will look at Alfred
University as an example of how to successfully use LED lighting to become
more energy-efficient."

"LED lighting can be an effective way to help commercial buildings like
Ann's House gain valuable LEED points," said Deb Lovig, Cree LED programs
manager. "Joining Cree's LED University program makes Alfred University a
model for other schools looking to deploy LED lighting."

Alfred University joins LED University participants North Carolina State
University; Marquette University; University of California, Santa Barbara;
University of Arkansas; Madison Area Technical College; Joliet Junior
College; Notre Dame; University of California, Davis; University of Miami;
University of Alaska at Anchorage and Tianjin Polytechnic University in
China in evaluating, promoting, and deploying LED lighting as they work
toward increasing energy savings, protecting the environment, reducing
maintenance costs, and providing better light quality for improved
visibility and safety.

About Alfred University

Alfred University was founded in 1836 by liberal, independent thinkers who
placed high value on education for all citizens. Today, the University has
retained and built upon the strong values of its founders, developing as an
institution of national and international renown that is responsive to the
needs of contemporary society while remaining consistent with the spirit of
its origins.

Alfred University is the second oldest co-educational college in the United
States and one of the earliest nineteenth century colleges to have enrolled
African American and Native American students. Over the course of the
twentieth century, Alfred University evolved into a complex institution
offering a full range of programs in the liberal arts and sciences, art and
design, engineering, business, education, and school psychology.

About LED University

The LED University initiative is a growing international community of
universities working to evaluate, deploy, and promote LED lighting across
their campus infrastructures to save energy, protect the environment, reduce
maintenance costs, and provide better light quality for improved visibility
and safety.

According to the U.S. Department of Energy, 22 percent of electricity used
in the U.S. powers lighting. In a world with soaring energy prices based on
the availability and control of fossil fuels, and with growing concern about
sustainability of the environment, a revolution in lighting is long overdue.
Details of each university's LED lighting pilots and installations are
available on the LED University web site: leduniversity.org.

About Cree, Inc.

Cree, Inc. is leading the LED lighting revolution and setting the stage to
obsolete the incandescent light bulb through the use of energy-efficient,
environmentally friendly LED lighting. Cree is a market-leading innovator of
lighting-class LEDs, LED lighting and semiconductor solutions for
backlighting, wireless and power applications.

For additional product and company information, please refer to cree.com.